ConocoPhillips Reports Second Quarter Results | Local company

ConocoPhillips Alaska reported net income of $687 million in the second quarter of 2022, according to a press release from the oil company.

ConocoPhillips Alaska incurred approximately $981 million in taxes and royalties in the second quarter of 2022, including $771 million for the State of Alaska and $210 million for the federal government. Additionally, in the second quarter of 2022, ConocoPhillips Alaska invested $218 million in capital in the state and remains on track to invest approximately $1 billion in 2022, the statement said.